Music City is poised to be a leader in the digital economy.
Nashville Ranked 15th Best Startup City
As the U.S. shifts to a largely digital economy,
some parts of the country are more ready to embrace and capitalize upon this
shift than others. Nashville, according to the Innovation that
Matters 2016 report, is among the top
the nation’s top startup cities.
This study—produced by Free Enterprise, the U.S. Chamber of Commerce Foundation,
and Washington, D.C., startup incubator and venture fund 1776—evaluated which
cities are best positioned to lead the digital economy based on how well they
attract talent and a skilled workforce, increase investments, develop industry
specializations, create density, connect the community, and foster a culture of
innovation and entrepreneurship. Nashville ranked the 15th best.
Here’s a look at Nashville’s score for each
metric:
- Talent: 14
- Capital: 21
- Industry Specialization: 25
- Density: 12
- Connectivity: 5
- Culture: 7
The study noted that the state of
entrepreneurship is constantly evolving and with it the cities in which
entrepreneurs elect to launch new businesses, so researchers asked
entrepreneurs in the top 25 U.S. cities whether they would recommend their
cities to fellow startups as a place to set up the shop. Sixty-four percent of
Nashville startup leaders said they’d recommend the city to other entrepreneurs
because of its strengths of civic capital funding, construction products and
services, and investors.
